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Palo Pinto
3863 Mountain View Road
$427,500
● House - Off Market

3863 Mountain View Road

Possum Kingdom Lake, TX 76429
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,154 Ft²
$695,716
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

You will fall in love if you come see this one!  Totally remodeled down to the studs!  This is the CUTEST HOME!  Decor is that beachy look that is so desirable.  Light and bright and great views of open water.  Comes fully furnished and decorated.  Water and septic lines already run to the garage for making additional living and sleeping area with bathroom.  On good, open water in Caddo Bay.
Unit Size
1,154 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$412
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
2008

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14166190)

Price History

Date / Event Date Event Price
Oct 24, 2019 Sold
Premium
Sold
Aug 18, 2019 Listed by Berkshire HathawayHS Pondera $475,000
Listed by Berkshire HathawayHS Pondera

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 850
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,083
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,154
  • Gross Building Area: 1,154
  • Building Area: 1,154
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,154
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 12-2-47 AREA 4
  • Land Acres: 0000000484
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 12-2-47 AREA 4 LOT N-3 (FEE SIMPLE .430 AC & FERC .054 AC) G#P0500-00-04000-00N-03-0 DOCK #2364/Y#11681

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000022927
  • Parcel: 188940000
  • Lot: N-3
  • Municipality: CADDO
  • Latitude: 32.8666
  • Longitude: -98.5471

    Address

  • Full Address: 3863 Mountain View Rd
  • Address - House Number: 3863
  • Address - Street Name: Mountain View
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Caddo
  • Carrier Code: R001
  • 4-Digit Zip Code: 2720
  • Zip Code: 76429

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $619,675
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 732,216
  • High Value: 935,226
  • Low Value: 529,205

    Market Valuation

  • Market Total Value: $419,880
  • Market Land Value: $147,580
  • Market Improvement Value: $272,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,880
  • Assessed Land Value: $147,580
  • Assessed Improvements Value: $272,300

    Sales

  • Current Sale Contract Date: Sep 26, 2019
  • Current Sale Recording Date: Sep 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2019-00004680
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2282 ft²

Average Home Age

-

Currently For Sale

292 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Marsha Bettis, Berkshire HathawayHS Pondera
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14166190
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3863 Mountain View Road built and last sold?
The property at 3863 Mountain View Road was built in 2008 and last sold on Sep 26, 2019 for $427,500.
How much is this home worth?
The estimated value of the home located at 3863 Mountain View Road is $0.
What are some comparable homes to 3863 Mountain View Road?
There are currently no comparable homes to 3863 Mountain View Road.
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